Profit-shifting Through Panama Papers Destinations: A Case Study for the Czech Republic
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F20%3A43918199" target="_blank" >RIV/62156489:43110/20:43918199 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1504/IJMEF.2020.108826" target="_blank" >https://doi.org/10.1504/IJMEF.2020.108826</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1504/IJMEF.2020.108826" target="_blank" >10.1504/IJMEF.2020.108826</a>
Alternative languages
Result language
angličtina
Original language name
Profit-shifting Through Panama Papers Destinations: A Case Study for the Czech Republic
Original language description
This paper exploits firm-level data from the ORBIS database to identify international tax planning by the Czech multinational enterprises (MNEs) through Panama Papers destinations. Profit shifting is measured by comparing a tax payable per unit of profits of the Czech MNEs having links to the Panama Papers destinations with the results of the same indicator of the Czech non-multinational entities i.e., without any cross-border links and thus without any profit shifting opportunities. Results are based on the sample of 116,312 entities and provide evidence about the importance of the Panama papers destinations in profit-shifting from the Czech Republic. Overall, the estimated base erosion ranges from EUR 159 up to EUR 2.92 mil., which corresponds up to approximately CZK 14 mil. of corporate tax revenues losses. Results also show that anonymous ownership and financial secrecy play an important role in the world economy and contribute to the tax planning and profit shifting.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
<a href="/en/project/GA18-14082S" target="_blank" >GA18-14082S: Fair corporate taxation: Measurement of the impact of the corporate profit shifting on the budget of the Czech Republic</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
International Journal of Monetary Economics and Finance
ISSN
1752-0479
e-ISSN
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Volume of the periodical
13
Issue of the periodical within the volume
3
Country of publishing house
GB - UNITED KINGDOM
Number of pages
10
Pages from-to
179-188
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-85092942925